Announcements
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26/9/2024 Rating announcement EN
Scope affirms A- issuer rating on Eviny, revises the Outlook to Stable from Positive
The Outlook revision reflects the limited upside to the ratings following Eviny's recent acquisition of two wind farms. While the integration of wind capacity slightly improves the utility's business risk profile, it weighs on credit metrics.
29/9/2023 Rating announcement EN
Scope upgrades Eviny's issuer rating to A-/Positive from BBB+, resolving the under-review status
The upgrade follows significant improvements in Eviny's financials, which are likely to last due to elevated power prices. Further upside is reflected by the Positive Outlook, assuming Eviny maintains a strong financial profile over a prolonged time.
11/8/2021 Rating announcement EN
Scope affirms its BBB+/Stable issuer rating on BKK AS
The affirmation reflects the return to a more conservative financial risk profile this year, helped by higher power prices and subsequently stronger operational cash generation from BKK’s hydropower production segment.
17/8/2020 Rating announcement EN
Scope affirms its BBB+/Stable issuer rating on BKK
The affirmation reflects Scope's expectation that BKK will continue to generate positive Scope-adjusted free operating cash flow in the medium term despite the lower contribution from its hydropower production unit this year.
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